ANZ still only require 1 years financials for the majority of self-employed applicants. ANZ can accept 2019 Self Employed income documents for applicants up until 15th May 2021. All documents may be up to 22½ months old based on the date of the application being submitted.

ANZ will accept self-employed applications where the customer's ABN has been registered for 18 months (previously 24 months) for applications up to 80% LVR, 2 years ABN will still be required for loans in LMI.

To ensure the policy remains relevant and up to date with the economic outlook, ANZ are still implementing a policy requiring the collection of current supporting income documents and a self-employed checklist.

Depending on Covid impact the applicant's response must be supported by one of the following:

 a Letter from their Accountant (dated within 30 days of submission) OR

 most recent 12 months BAS (lodged on monthly or quarterly basis) with corresponding ATO acknowledgement receipt

Letter from Accountant

Will be required to confirm:

• The applicant's business trading has not been materially impacted by COVID-19 OR

• Percentage variance in the business performance as a result of COVID-19 (this option is applicable for applicants with annual BAS only*).

BAS (Business Activity Statement)

• The most recent 12 months BAS for all self-employed applicants, i.e. sole trader, partnership, company and trust business structures is required.

• The total sales from the recent 12 months BAS must be compared with the total business income/sales (before expenses) from financials to confirm the income to be used.